Funding you earn now, next payment 22:00 UTC−0.0072%/8h= −7.8% APRpaid last 24h −0.036%
Price spread now: Hyperliquid against OKX−0.022%7-day average −0.055% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.022%, 7d avg −0.055%
=Together, before fees−0.038%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.033% dearer against OKX than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.055%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.034% in total) that is about 6.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SAND-USDT-SWAP | 0.04165 | 0.0100 | pay 0.0100% / 8h | 2h 13m | $1.8M | $3.3M | 50x |
| Short | Hyperliquid SAND | 0.04164 | 0.0028 | get 0.0004% / 1h | 13m 13s | $573K | $446K | 5x |
OKX SAND-USDT-SWAP
Hyperliquid SANDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$15.02
- Price spread: −0.022% → −0.055%
- $3.3
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$30.72
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 4 min ago; Hyperliquid: live order book, 7 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy OKX live order book, 4 min ago | 1.20 bp | 18.8 bp −$19 | 472.9 bp −$4,729 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 1.92 bp | 59.7 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
SAND on 15 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAND | −0.0137% | 8h | 0.04169 | +0.092% | $114K | $5K | — | as long as short |
| Bitget SANDUSDT | −0.0042% | 8h | 0.04166 | +0.024% | $1.7M | $545K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0028% | 8h | 0.04166 | +0.024% | $2.6M | $371K | 50x | as long as short |
| Aster SANDUSDT | −0.0016% | 8h | 0.04170 | +0.109% | $14K | $18K | 10x | as long as short |
| Hyperliquid SANDshort | +0.0028% | 1h | 0.04164 | −0.022% | $573K | $446K | 5x | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.864% | $757 | $795 | 5.5x | as long as short |
| BloFin SAND-USDT | +0.0036% | 8h | 0.04169 | +0.096% | $323K | $292K | 75x | as long as short |
| Extended SAND-USD | +0.0056% | 1h | 0.04166 | +0.016% | $3K | $194K | 10x | as long as short |
| MEXC SAND_USDT | +0.0056% | 8h | 0.04170 | +0.120% | $11.7M | $1.7M | 200x | as long as short |
| Binance SANDUSDT | +0.0057% | 8h | 0.04166 | +0.028% | $6.5M | $12.3M | 75x | as long as short |
Variational Omni SAND
Bitget SANDUSDT
KuCoin SANDUSDTM
Aster SANDUSDT
Injective SAND/USDC PERP
BloFin SAND-USDT
Extended SAND-USD
MEXC SAND_USDT
Binance SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | +0.0100% | 8h | 0.04165 | 0.000% | $3.3M | $3.2M | 75x | as long as short |
| OKX SAND-USDT-SWAPlong | +0.0100% | 8h | 0.04165 | long leg | $1.8M | $3.3M | 50x | |
| Gate SAND_USDT | +0.0100% | 8h | 0.04173 | +0.192% | $465K | $574K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04167 | +0.048% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0284% | 1h | 0.04170 | +0.126% | $156K | $100K | 25x | as long as short |
Bybit SANDUSDT
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD